Post #24134

🇨🇳China Tests Stablecoins to Curb Capital Flight as U.S. Dominance Looms China is preparing to authorize its first dollar-backed stablecoins, aiming to internationalize the renminbi and stem capital outflows. Regulators caution the move poses money-laundering risks, even as policymakers view digital tokens as a tool to compete with U.S. financial influence and reinforce monetary stability. 📱@Money📱Twitter